Flex Space Building
For Sale
$1,090,000
4235 Seven Lakes Plz, West End, NC 27376
Two commercial buildings offer separate office or storage areas, loading access, and a connected gated lot for parking and circulation.
Property Size7,400 SF
Price / SF$147.30
Days on Market394
Property Features for 4235 Seven Lakes Plz
General Information
Standard status
Active
Size
7,400 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Dock-High Doors
1
Building Details
Buildings
2
Listing Agency:
TRIAD OMNI PROPERTIES/LAKE JEANETTE REALTY
(336) 282-5253
Listed By:
Greg Cranford
Source:
Searchhomesinthetriad
Added: Aug 3, 2025
Changed: Aug 31
Last Checked: Aug 31 at 5:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRIAD OMNI PROPERTIES/LAKE JEANETTE REALTY
Investment Insights
Based on property information with market context.
This flex space offering combines two commercial buildings with an adjacent lot. The brick building at 4235 Seven Lakes Plaza contains 2,400 square feet plus a 400-square-foot covered porch supported by brick columns. A second 5,000-square-foot Mesco Metal commercial building at 195 N. Trade Street includes a large dock door for loading and unloading. Each building provides dedicated office or storage space apart from its primary area.
The properties front NC Hwy 211, while the Trade Street building provides secondary access from N. Trade Street. The 7,400-square-foot adjacent lot is gated, connects the sites, and supports parking and drive-through movement. The highway is identified for upcoming widening to four lanes.
The properties front NC Hwy 211, while the Trade Street building provides secondary access from N. Trade Street. The 7,400-square-foot adjacent lot is gated, connects the sites, and supports parking and drive-through movement. The highway is identified for upcoming widening to four lanes.
Key Highlights
- Two‑building flex space offering at 4235 Seven Lakes Plaza and 195 N. Trade Street
- 2,400‑square‑foot brick building with an additional 400‑square‑foot covered porch
- 5,000‑square‑foot Mesco Metal commercial building with a large dock door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,569
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,511,380
$1.5M
Cap Rate 7%
$1,079,557
$1.1M
Cap Rate 9%
$839,656
$839.7K
Market Conditions
NOI Build-Up for 7,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.1K $17.04/SF
− Vacancy
−$9.8K −$1.33/SF
EGI
$116.3K $15.71/SF
− OpEx
−$40.7K −$5.50/SF
NOI
$75.6K $10.21/SF
Area
Moore County, NC
Vacancy
7.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,511,380
Cap Rate 7%
$1,079,557
Cap Rate 9%
$839,656
Alternative Uses
Best Use
Flex RnD
$1.08M
$944.6K – $1.26M
NOI $75,569 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$771.5K
$675.1K – $900.1K
NOI $54,006 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.65M
NOI $98,704 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27376, NC
9,317
Population
4,598
Households
2
Avg Household Size
48
Median Age
33%
College-Educated
96%
High-School Grad
68.6 sq mi
ZIP Area
136
Density / Sq Mi
$74,891
Median Household Income
$37,147
Median Earnings
$984
Median Rent
$314,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two commercial buildings offer separate office or storage areas, loading access, and a connected gated lot for parking and circulation.
Where is this flex space located?
The property is located at 4235 Seven Lakes Plz West End, NC.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Two‑building flex space offering at 4235 Seven Lakes Plaza and 195 N. Trade Street; 2,400‑square‑foot brick building with an additional 400‑square‑foot covered porch; 5,000‑square‑foot Mesco Metal commercial building with a large dock door
